When you`re entering into a new job, there`s a good chance that you`ll be asked to sign an “at-will” employment agreement. This type of agreement is the most common type of employment contract, and it`s important to know what you`re agreeing to before you sign on the dotted line.
An at-will employment agreement is a contract between an employer and an employee that allows either party to terminate the employment relationship at any time, for any reason, and without notice. In other words, if your employer decides they no longer want you to work for them, they can fire you without any warning, and you can also quit your job at any time without penalty.
If you`re presented with an at-will employment agreement, it`s important to read it carefully and understand the terms of the contract. Here are a few things to look for in an at-will employment agreement sample:
1. Duration of the contract: At-will employment agreements do not have a set duration, but some employers may still include a time frame in the agreement. Make sure you understand whether you`re signing on for a specific time period or if you`re agreeing to work for the employer on a permanent basis.
2. Termination language: The termination language in an at-will employment agreement is critical. It should clearly state that either party can terminate the employment relationship at any time, for any reason, with or without notice.
3. Severance package: Some employers may include a severance package in the at-will employment agreement. This is a payment or benefit package that an employer provides to an employee upon termination. Make sure you understand what you`re entitled to in the event of separation.
4. Non-compete clauses: Some at-will employment agreements may include non-compete clauses, which prevent an employee from working for a competitor after leaving the employer. Make sure you understand the scope and duration of any non-compete clause included in the agreement.
5. Dispute resolution: An at-will employment agreement may include provisions for resolving disputes, such as mediation or arbitration. Make sure you understand these provisions and what they mean for you in the event of a disagreement with your employer.
In conclusion, an at-will employment agreement is a common type of contract between employers and employees. Before signing, make sure to read and understand the terms of the contract, including termination language, severance package, non-compete clauses, and dispute resolution provisions. With this knowledge, you can make an informed decision about whether to accept the job offer and sign the agreement.